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Morgans sets up loan specialist

Morgans Financial Planning is setting up specialist mortgage company Digital Orange.

The firm has invested in back-office systems to cut paperwork and believes that over the next couple of years, all mortgage advisers will use an online operation.

Digital Orange is aiming to be working totally online by the end of the year.

Principal Neil Soper says the industry is moving towards fewer firms conducting more business through whole-of-market specialist advice.

Digital Orange will offer mortgage advice from across the range of products, including sub-prime, equity release, buy to let and let to buy.

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